Kaveh Steel More Than Doubles Half-Year Net Profit as Revenue Rises but Gross Margin Narrows

Kaveh South Kish Steel (KVEH) filed its unaudited standalone income statement on Saturday, October 24, 2026, for the six months ended September 22, 2026. Net profit was 40,947,007 million rials, against a restated 18,550,157 million rials for the comparable six months a year earlier, a 121% increase as printed in the table. Operating revenue rose from 221,607,692 to 402,840,752 million rials.

Gross profit rose from 30,933,021 to 42,847,179 million rials, but the gross profit share of revenue, calculated from the same table, narrowed from about 14% to about 11%. Finance costs fell and non-operating income increased. These are the company's own figures, not consolidated group accounts. The Codal tracing number is 1618292.